Istanbul Stock Exchange

Istanbul Stock Exchange Starts Receiving Orders in Floppy Disc Prior to the First Session

In line with the growing demand for stocks and increasing trading volume, the Istanbul Stock Exchange started on April 28 to accept orders in floppy disc between 09:15 and 09:35 as part of the first session, which starts at 10:00.

Orders received by the ISE members by electronic means prior to the first session are entered to the trading system via floppy discs through trading terminals and matched in a continuous auction system according to time and price priority as in a normal session. Unmatched orders remain in the system as standing orders. Order books are sent to the members by Internet before 10:00 and appear in members’ screens starting at 10:00.

Within the first week that this system has been implemented, it was used by 41 members. On a daily basis, an average of 3,200 orders have been sent to the system, with a trading volume averaging 369 thousand Dollars.